IRIS TAKES TWO FROM REDCAPE

The Redcape reshuffle peaked in December with sale of two of its big-ticket gaming hotels to Sam Arnaout’s Iris Capital. Transaction of the Cabramatta Hotel in Cabramatta and El Cortez in Canley Heights is reported at more than $180 million.

REDCAPE’S CABRAMATTA REVEALED

Redcape Hotel Group has made good on aspirational plans at its top-performing Cabramatta Hotel with a multi-million-dollar renovation and community tilt. In late 2017 RHG negotiated a deal with landlords the Bowden family for the $45 million purchase of the